Ministry of Commerce & Industry
INDIA’S FOREIGN TRADE: January 2020
India’s overall exports  in April-January2019-20are estimated to be USD 446.46 billion, exhibiting a positive growth of 1.94 per cent over the same period last year. Overall imports in April-January 2019-20are estimated to be USD 510.62 billion, exhibiting a negative growth of 4.69 per cent over the same period last year.Note: The latest data for services sector released by RBI is for December 2019. The data for January2020 is an estimation, which will be revised based on RBI’s subsequent release.
I. MERCHANDISE TRADE
EXPORTS 
Exports inJanuary2020 were USD25.97 billion, as compared to USD26.41 billion in January 2019, exhibiting a negative growth of  1.66 per cent. In Rupee terms, exports were Rs. 1,85,204 crore in January2020, as compared to Rs. 1,86,801.37 crore in January2019, registering a negative growth of  0.86 per cent.
In January2020, major commodity groups of export showing positivegrowth over the corresponding month of last year are
Cumulative value of exports for the period April-January 2019-20 was USD265.26 billion  as against USD270.49 billion  during the period April-January 2018-19, registering a negative growth of  1.93per cent in Dollar terms  1.02 per cent in Rupee terms).
Non-petroleum and Non Gems and Jewellery exports in January 2020 were USD19.79 billion, as compared to USD19.94 billion in January2019, exhibiting a negative growth of  0.78 per cent. Non-petroleum and Non Gems and Jewellery exports in April-January 2019-20 were USD197.60billion, as compared to USD197.59 billion for the corresponding period in 2018-19.
IMPORTS
Imports in January2020 were USD41.14 billion , which was 0.75 per cent lower in Dollar terms and 0.07 per cent higher in Rupee terms over imports of USD41.46 billion  in January2019. Cumulative value of imports for the period April-January 2019-20 was USD398.53 billion , as against USD433.77 billion  during the period April-January 2018-19, registering a negative growth of 8.12per cent in Dollar terms 7.33 per cent in Rupee terms).
Major commodity groups of import showing negative growth in January2020 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports inJanuary2020 were USD12.97 billion , which was 15.27 percenthigher in Dollar terms , compared to USD11.25 billion  in January2019. Oil imports in April-January 2019-20 were USD108.66 billion  which was 9.24 per cent lower in Dollar terms  compared to USD119.72 billion , over the sameperiod last year.
In this connection it is mentioned that the global Brent price  has increased by 7.31% in January2020 vis-à-vis January2019 as per data available from World Bank.
Non-oil imports inJanuary2020 were estimated at USD28.17 billion  which was 6.72 per cent lower in Dollar terms , compared to USD30.20 billion  in January2019. Non-oil imports in April-January 2019-20 were USD289.87 billion  which was 7.70 per cent lower in Dollar terms , compared to USD314.04 billion  in April-January2018-19.
Non-Oil and Non-Gold imports wereUSD26.59 billion in January2020, recording a negative growth of 4.66 per cent, as compared to Non-Oil and Non-Gold importsof USD 27.89 billion in January2019. Non-Oil and Non-Gold imports wereUSD265.23 billion in April-January 2019-20, recording a negative growth of 7.59 per cent, as compared to Non-Oil and Non-Gold importsUSD 287.00 billion in April-January 2018-19.
II. TRADE IN SERVICES
EXPORTS 
As per the latest press release by RBI dated 14thFebruary 2020, exports in December2019 were USD 20.00 billion  registering a positive growth of 11.59 per cent in dollar terms, vis-à-vis December2018. The estimated value of services export for January2020is USD 20.92 billion.
IMPORTS 
As per the latest press release by RBI dated 14th February 2020, imports in December 2019 were USD 12.56 billion  registering a positive growth of 10.36 per cent in dollar terms, vis-à-vis December 2018. The estimated value of service Import for January2020is USD 13.10 billion.
III.TRADE BALANCE
MERCHANDISE: The trade deficit for January2020 was estimated at USD15.17billion as against the deficit of USD15.05billion inJanuary2019.
SERVICES: As per RBI’s Press Release dated 14th February 2020, the trade balance in Services  for December, 2019 is estimated at USD7.45 billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-January 2019-20is estimated at USD64.16billion as compared to USD97.79billion in April-January 2018-19.Note: The latest data for services sector released by RBI is for December 2019. The data for January2020 is an estimation, which will be revised based on RBI’s subsequent release.
MERCHANDISE TRADE
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EXPORTS & IMPORTS : 
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JANUARY
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APRIL-JANUARY
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EXPORTS
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2018-19
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26.41
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270.49
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2019-20
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25.97
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265.26
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%Growth 2019-20/ 2018-19
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-1.66
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-1.93
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IMPORTS
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2018-19
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41.46
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433.77
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2019-20
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41.14
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398.53
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%Growth 2019-20/ 2018-19
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-0.75
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-8.12
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TRADE BALANCE
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2018-19
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-15.05
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-163.27
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2019-20
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-15.17
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-133.27
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EXPORTS &IMPORTS: 
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JANUARY
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APRIL-JANUARY
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EXPORTS
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2018-19
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1,86,801.37
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18,89,062.68
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2019-20
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1,85,204.00
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18,69,762.61
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%Growth 2019-20/ 2018-19
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-0.86
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-1.02
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IMPORTS
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2018-19
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2,93,225.37
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30,30,317.38
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2019-20
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2,93,418.56
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28,08,202.38
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%Growth 2019-20/ 2018-19
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0.07
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-7.33
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TRADE BALANCE
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2018-19
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-1,06,424.00
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-11,41,254.70
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2019-20
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-1,08,214.56
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-9,38,439.77
SERVICES TRADE
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EXPORTS & IMPORTS  : 
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December 2019
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April-December 2019-20
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EXPORTS 
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20.00
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160.27
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IMPORTS 
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12.56
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98.99
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TRADE BALANCE
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7.45
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61.28
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EXPORTS & IMPORTS : 
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December 2019
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April-December 2019-20
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EXPORTS 
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1,42,413.68
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11,28,639.25
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IMPORTS 
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89,382.31
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6,97,158.95
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TRADE BALANCE
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53,031.37
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4,31,480.30
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Source: RBI Press Release dated 14thFebruary 2020
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|Note: The latest data for services sector released by RBI is for December 2019. The data for January2020 is an estimation, which will be revised based on RBI’s subsequent release.Link for Quick Estimates